Friday, September 9, 2011

Put call remains high and B channels supporting

Long, on the Hal20000 scare off, gap fill to downside, and put call remains high.

Also extreme volume on that selloff, that nailed a boat load of stops and that is part of their goal.    Scare people out of their longs, take their money, now watch for a double those who went long get scared and close, and then don't reenter long as the real move starts up.

Now playing Dec futures, since ES rolls over soon and no time to babysit the roll.

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Insightful and Useful Comment!